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Important, can you seize the golden pit?
The Washington Post reports that the U.S. is preparing for possible "ground operations that could last several weeks" in Iran, aiming to open the Strait of Hormuz.
What does this mean? Here's the Chinese-to-Chinese explanation:
- Rapid reopening (ideal scenario): Hormuz reopens, oil prices fall, market rebounds violently, BTC surges
- Short-term escalation (more realistic): escalation of conflict, oil prices soar, stock and bond markets continue to decline, market enters a "second decline," BTC hits the golden pit
- Long-term conflict (most dangerous): prolonged high oil prices, inflation spirals out of control again, the world enters a "quasi-stagflation," this is a true major risk (but unlikely)
These three possibilities each correspond to different "golden pits":
- The historical peak of oil prices as the "golden pit"
- The current bear market's "golden pit" for Bitcoin
Just remember, don’t be afraid when the time comes—operate in the opposite direction of most people, and you can make some profit.